Does Puerto Rico need energy storage solutions?

“Isolated from typical supply lines, Puerto Rico needs solutions that reduce electricity costs, improve grid reliability, and accelerate renewable energy deployment,” says DEPCOM Director of Energy Storage Nadja Gocek.

How much money does Puerto Rico have to pay for solar?

Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations in public housing common areas and subsidized, multifamily housing properties. Another $175 million is available for certain healthcare and dialysis centers.

What happened to Puerto Rico's electricity grid?

A worker installs rooftop solar panels on a home in Puerto Rico. The island’s electric grid was destroyed by Hurricane Maria in 2017, resulting in a plan to modernize and decarbonize. Courtesy of Sunrun This audio is auto-generated. Please let us know if you have feedback

Who is developing Puerto Rico's energy grid?

Development is led by Clean Flexible Energy, an indirect subsidiary of AES Corp. and TotalEnergies Holdings USA. A conditional loan guarantee was announced for the project in July. Puerto Rico is aiming to eliminate coal-fired energy generation by 2028 and develop a 100% renewable energy grid by 2050.

What is the Puerto Rico energy Resilience Fund?

The President authorized $1 billion for the establishment of the Puerto Rico Energy Resilience Fund in 2022 to drive investments in renewable and resilient energy infrastructure on the island. A community benefits plan required by DOE “is being finalized and will be released to the public soon,” the agency said.

Why did Puerto Rico get a power outage?

The announcement comes as the U.S. territory continues to struggle with chronic power outages that have worsened since Hurricane Maria pummeled the island as a powerful Category 4 storm in 2017, razing the electric grid. The outages also are blamed on a lack of maintenance and investment in its electric grid for decades.